Plan Snapshot
- Plan Sponsor: Beacon Electric Company
- Sponsor EIN: 311058353
- Sponsor Address: 7815 REDSKY DRIVE, CINCINNATI, OH, 45249
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $9.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 115 | $9.7M | $192,878 | $689,843 |
| 2023 | 114 | $8.5M | $105,320 | $609,510 |
| 2022 | 105 | $8.4M | $148,269 | $598,611 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $29,992 | — | $29,992 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $23,086 | — | $23,086 |
| FIFTH THIRD BANK | Investment Advisor | $12,729 | — | $12,729 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,807
- Estimated Expense Ratio: 0.678% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $65,807 | $42,721 | — | — | — |
| 2023 | $57,331 | $38,301 | — | — | — |
| 2022 | $37,543 | — | $37,543 | — | — |